SWAMIH Fund

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Overview:

Since its inception in 2019, the SWAMIH Fund has completed over 20,557 homes.

About SWAMIH Fund:

  • The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I is India’s largest social impact fund specifically formed for completing stressed and stalled residential projects.
  • The Fund is sponsored by the Ministry of Finance, Government of India, and is managed by SBICAP Ventures Ltd., a State Bank Group company.
  • The Fund has no precedent or comparable peer fund in India or the global markets.
  • It is a Category-II AIF (Alternate Investment Fund) debt fund registered with SEBI.
  • Since the Fund considers first-time developers, established developers with troubled projects, developers with a poor track record of stalled projects, customer complaints and NPA accounts, and even projects where there are litigation issues, it is considered as the lender of last resort for distressed projects.

What is Alternate Investment Fund?

  • Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors.

 


Q1)What is a venture capital fund?

It is a pooled investment fund that manage the money of investors who seek private equity stakes in startups and small- to medium-sized enterprises with strong growth potential.

Source: SWAMIH Fund completes 20,557 homes since inception in 2019